Indian River Shores, FL—32963
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Indian River Shores, FL
As of Oct '25, the median home price in Indian River Shores, FL is $1,030,000, with a year-over-year change of -6.8%. This indicates that home prices in Indian River Shores, FL are decreasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,030,000 | -6.8% |
| Single Family | $1,283,000 | -6.6% |
| Condos | $652,000 | -8.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $290,000 | -9.1% |
2 Bed | $572,000 | -9.4% |
3 Bed | $1,185,000 | -6.2% |
4 Bed | $2,292,000 | -4.4% |
| 5 Bed | $4,709,000 | -3.9% |
% of Housing Stock
Rental Trends — Indian River Shores, FL
As of July '25, Rentcast reports the average rent in Indian River Shores, FL is $5,840, with a year-over-year rent change of -0.7%. Per bedroom, the median rent as of July '25 in Indian River Shores, FL is studios: $1,650, 1-bedrooms: $2,960, 2-bedrooms: $5,500, 3-bedrooms: $7,040, 4-bedrooms: $7,450. The most common rental property sizes in Indian River Shores, FL are 2-bedroom and 3-bedroom, accounting for 60.7% and 22.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $6,000 | $5,840 |
| Studio Rent | $1,650 | $1,650 |
| 1 Bed Rent | $2,000 | $2,960 |
| 2 Bed Rent | $5,000 | $5,500 |
| 3 Bed Rent | $7,500 | $7,040 |
| 4 Bed Rent | $8,000 | $7,450 |
% of Rental Stock
Property Listings — Indian River Shores, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Indian River Shores, FL is 94. This is a increase of 14.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,160,000 | 0.0% |
Listing Count | 434 | 13.0% |
| Listings as % of Homes | 2.6% | 13.0% |
Days on Market | 94 | 14.0% |
Demographics — Indian River Shores, FL
As of the latest ACS Survey released in 2023, Indian River Shores, FL has a population of 15,000, which has increased by 1.3% over the past 5 years. Indian River Shores, FL is a less popular place for families, as children make up 5.6% of the population. The area has a highly educated workforce, with 67.8% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 30.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,000 | 1.3% |
% Under 18 | 5.6% | -5.1% |
% Seniors | 60.1% | 5.8% |
% WFH | 30.2% | 48.8% |
% w/ College Degree | 67.8% | 2.7% |
As of the latest ACS Survey released in 2023, Indian River Shores, FL is a predominantly white area, with 91.5% of the population identifying as white. The white population has shrunk by 0.5% in the last 5 years. The second most common race or ethnicity in Indian River Shores, FL is hispanic, making up 3.6% of the population. Foreign-born residents account for 8.9% of the population in Indian River Shores, FL, and this percentage has increased by 12.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 91.5% | -0.5% |
% Black | 0.7% | -61.1% |
% Hispanic | 3.6% | -41.0% |
% Asian | 2.0% | 150.0% |
% Foreign Born | 8.9% | 12.7% |
Mortgage and Risk — Indian River Shores, FL
According to HUD data as of 2023, there were 306 mortgage originations in Indian River Shores, FL, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 46.0%, with 2.0% above 90% LTV (normal). This implies small mortgage risk in Indian River Shores, FL. Investor activity is low, as 4.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 306 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 4.0% |
% Second Loans | 22.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Indian River Shores, FL
Indian River Shores, FL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$190 | $2,000 | $1,810 |
| 2 Bedroom | -$2,720 | $5,000 | $2,280 |
| 3 Bedroom | -$4,670 | $7,500 | $2,830 |
| 4 Bedroom | -$4,210 | $8,000 | $3,790 |
Affordability — Indian River Shores, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.7 |
| Median Home Price | $1,030,000 |
| Median Household Income | $143,000 |